special-purpose vehicle
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special-purpose vehicle
noun special-purpose vehicles
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A legal entity (usually a limited company or a limited partnership) created to fulfill narrow, specific or temporary objectives, typically used for taxation benefits or to reduce financial risks.
The family's business empire is considering backing a special purpose vehicle set up by Forest Road to take a majority stake in OnlyFans that could value the business at as much as $7bn.
Similar: SPE, special-purpose entity
Talk about this word "special-purpose vehicle." Wiktionary, via Micwyn, micwyn.com/word/special-purpose%20vehicle. Accessed 6 Nov. 2026. special-purpose vehicle. (n.d.). In Wiktionary, via Micwyn. Retrieved November 6, 2026, from https://micwyn.com/word/special-purpose%20vehicle "special-purpose vehicle." Wiktionary, via Micwyn. Accessed November 6, 2026. https://micwyn.com/word/special-purpose%20vehicle.Cite this
@misc{special_purpose_vehicle_2026,
title = {special-purpose vehicle},
howpublished = {Wiktionary, via Micwyn},
year = {2026},
url = {https://micwyn.com/word/special-purpose%20vehicle},
urldate = {2026-11-06}
}
